Posts in September 2014
What to Ask the Real Estate Agent on the Home You Intend to Buy

Have you had any offers on the property?
That lets you know if you have competition for the property. You'd also want to know if the sellers had rejected any offers and why. It could help you better craft an offer that will meet with their approval.

Are you aware of any issues with the home?
If the home had a builders inspection, did the inspection turn up some major damage? Any extensions or additions made to the home – have they been signed off with the council? Was it previous tenanted and if so, what was the history of the tenancy (if evicted, I would suggest having the home tested for the drug ‘P’).

How long has the property been on the market?
If it's getting a little stale, it might be ripe for a lower offer. Likewise, find out if there's been a price reduction and when it happened.

Why are the owners selling?
A good agent will always ask the vendor first before disclosing any such information but usually, if a vendor opts for the auction method, they are motivated to sell. Any information you can glean can help you decide how much to offer.

Do you have comparable sales in the last few months?
These days, with prices on the decline, and more and more properties getting taken back by banks, appraisal at the listing price isn't always a sure thing. Take a look at the recent comps and have your agent check pending sales to make sure you won't get stuck once you've starting spending money on inspections and other aspects of the process.

Are there any other costs?
Such as, body corporate costs if the home is under a unit title. The agent must then disclose a pre contract disclosure form detailing proposed and existing costs.

Manukau's Latest Property Report

Is it just me or is this year flying by as fast as the last?! Here we are in April, I leave on my first holiday in 4 years to Spain which is quite exciting. My flight is at 4am (yes, 4am!) on the 4th June and I return on the 4th July ready to get back to business. It will be nice to leave the NZ winter however I don't know how I will cope with the heat in Spain but I can't complain! Of course, being a dedicated sales agent, I will be checking my emails during my holiday so if you need anything or have any real estate questions for me, please feel free to drop me a line, it's always great to hear from you.  Now, let's get stuck into the market...

Latest statistics from QV report a 15.8% increase (compared with this time last year) in value across the board in Manukau. This report also gives the information on all Auckland suburbs.North West Manukau saw the highest year on year increase with values up 17.2% and 3.7% and other South Auckland suburbs also saw the largest increases in the past three months including Papakura, up 4.5%, Franklin up 4.4% and Manukau Central up 4.1%.QV Valuer Bruce Wiggins said, “The big thing in Auckland at the moment is land. We’re starting to see people invest money into attaining land where high density or development potential exists ahead of the implementation of the city’s new unitary plan.”

Did you know? According to (China's largest property search engine) interest in New Zealand property has increased by 89% compared with this time last year, making NZ number 9 on the list.  Most searched for countries:

  • United States
  • Australia
  • United Kingdom
  • Canada
  • Singapore
  • Germany
  • Italy
  • Thailand
  • New Zealand
  • Spain